Mukesh Ambani purchased a 150 gram Colgate toothpaste at ₹95/- (tax inclusive - ₹14.50p @18% GST)
Ramdas Dhobi too purchased a 150 gram Colgate toothpaste at ₹95/- (tax inclusive - ₹14.50p @18% GST)
The number of People with incomes similar to Mukesh Ambani in India is around 100.
Their GST contribution when each one of the 100 richest people in India buy 1 piece of 150 gram toothpaste is
100 rich people x ₹14.50 (GST per toothpaste) = ₹1,450.00
(Rupees One thousand four hundred and fifty )
The number of People with incomes similar to Ramdas Dhobi in India is around 1,26,00,00,000. (90% of India's population)
The GST contribution when each one of the 126 Crore poor Indians buy 1 piece of 150 gram toothpaste is
126 Crores poor x ₹14.50 (GST per toothpaste)= ₹1,82,70,00,00,000.00
( Eighteen thousand two hundred and seventy Crores)
@nsitharaman proudly announced that GST Collections reached ₹1.77 Trillion in December 2024 (up 7.3% YoY).
Now, you know who funds the lavish Government expenditure. Their luxury jet liners, unending foreign trips, diamond gifts, religious extravaganza etc.